HomeMy Public PortalAbout02179 O R D I N A N C E NO. 2179
AN ORDINANCE appropriating Six Thousand Six Hundred
Dollars ($6,600.00) from the unappropriated surplus of the
Coldwater Creek Sewer Revenue Bond Redemption Account to be used
for the purchase of Ten Thousand Dollars ($10,000.00) par value
Coldwater Creek Trunk Subdistrict Sewer Revenue Bonds dated August
1, 1963 and maturing on June 1, 1992, together with their accrued
interest.
WHEREAS the owners of such bonds have offered to sell
them to the District at the price and sum of Six Thousand Four
Hundred Ninety-three Dollars, Fifty Cents ($6,493.50), plus
accrued interest from June 1, 1971 until date of sale, and
WHEREAS the District is willing to purchase such bonds
upon such terms,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Six Thousand Six Hundred
Dollars ($6,600.00) is hereby appropriated from the unappropriated
surplus of the Coldwater Creek Sewer Revenue Bond Redemption
Account to be used for the purchase of Ten Thousand Dollars
($10,000.00) par value Coldwater Creek Trunk Subdistrict Sewer
Revenue Bonds dated August 1, 1963 and maturing on June 1, 1992,
together with payment of the accrued interest thereon from June 1,
1971 until date of sale and payment therefor.
Section Two. Upon receipt of such bonds by the
Secretary-Treasurer he is hereby authorized and directed to cancel
and retire such bonds, together with their then outstanding
interest coupons.
Section Three. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted June 17, 1971.